Slide 3: This slide presents the performance trends in terms of total returns, vacancies and loan delinquencies for each of bank real estate delinquencies, life insurance company delinquencies and total NCREIF returns along with average vacancies. For returns and vacancies, the period covered is 1985 through 2003 year-to-date. For life company delinquencies, the trend is from 1989 through year-to-date 2003 for delinquencies. The bank's delinquencies run from 1990 through 2003 year-to-date.